China Technology Announces Cessation of Co-Chief Executive Officer (International)
February 24 2006 - 8:00AM
PR Newswire (US)
HONG KONG, Feb. 24 /Xinhua-PRNewswire-FirstCall/ -- China
Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or
the "Company") announced the cessation of Mr. Aaron Zhu as the
Co-Chief Executive Officer (International) of CTDC effective
February 21, 2006. About CTDC: CTDC is engaged in providing
information network security solutions in People's Republic of
China. With the recent acquisition of China Natures Technology Inc.
("CNT", formerly Future Solutions Development Inc.), which develops
health food products utilizing bio-active components of bamboo,
CTDC also entered the Chinese nutraceutical market. CTDC's major
shareholder is Beijing Holdings Limited, a conglomerate with over
$3 billion in total assets beneficially owned by the Beijing
People's Municipal Government. For more information, please visit
our website at http://www.chinactdc.com/ . Forward-Looking
Statement Disclosure This news release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements regarding CTDC contained in this
press release that are not historical in nature, particularly those
that utilize terminology such as "may," "will," "should," "likely,"
"expects," "anticipates," "estimates," "believes," or "plans," or
comparable terminology, are forward-looking statements. Forward-
looking statements are based on current expectations and
assumptions, and entail various risks and uncertainties that could
cause actual results to differ materially from those expressed in
such forward-looking statements. Important factors known to CTDC
that cause actual results to differ materially from those expressed
in such forward-looking statements are identified and discussed in
CTDC's filings with the Securities and Exchange Commission.
Contact: China Technology Development Group Corporation Michael Siu
Executive Director, Chief Financial Officer and Secretary Tel:
+852-3112-8461 Email: DATASOURCE: China Technology Development
Group Corporation CONTACT: Michael Siu of China Technology
Development Group Corporation, +852-3112-8461, or , or Web site:
http://www.chinactdc.com/
Copyright